Supporting SMEs is critical as they support employment and contribute positively to the economy. According to statistics published by the Singapore Department of Statistics as of March 27, SMEs comprise approximately 99% of all businesses and contributed to approximately 70% of employment in Singapore in 2024. Despite their economic contributions, many SMEs do not have the same access to banking facilities as large or blue-chip companies. The equities capital market, in this case, the Singapore Exchange (SGX:S68
) (SGX), is an alternate platform for fundraising to enable growth and continuity for SMEs to carry on with their businesses.
After years of subdued trading activity and declining investor interest, it is time to ask how we can restore the rhythm, resilience, and relevance of the Singapore equities capital markets.
The equities capital market allows businesses to gain access to capital while offering investors opportunities to invest as owners. In most markets, differentiated boards cater to companies of different sizes and maturity stages. SMEs often opt for the junior board due to their scale and profitability.
